Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 308,849 shares of the company’s stock after selling 12,101 shares during the quarter. Fiduciary Trust Co’s holdings in Church & Dwight were worth $32,343,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHD. Capital Performance Advisors LLP acquired a new position in shares of Church & Dwight in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in Church & Dwight during the 3rd quarter valued at about $28,000. Rothschild Investment LLC acquired a new position in shares of Church & Dwight in the second quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Church & Dwight in the second quarter worth about $33,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight during the second quarter worth about $38,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $110.34 on Thursday. The stock has a market capitalization of $27.03 billion, a PE ratio of 49.48, a P/E/G ratio of 4.04 and a beta of 0.55. The company has a fifty day moving average of $104.56 and a two-hundred day moving average of $104.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHD shares. Wells Fargo & Company increased their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. Barclays cut their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI decreased their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Finally, Truist Financial lowered their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $108.53.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares of the company’s stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,513 shares of company stock worth $56,795,253 in the last ninety days. Insiders own 2.00% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.